Asia Pacific General Insurance Company Limited (DSE: ASIAPACINS)

ASIAPACINS Income Statement

Financials in millions BDT. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	372.85	404.9	338.46	302.24	290.17	347.5
Total Interest & Dividend Income	57.84	55.51	49.78	41.69	41.93	53.01
Gain (Loss) on Sale of Investments	-0.08	1.8	1.47	14.92	-34.43	1.46
Other Revenue	52.55	52.96	50.77	35.74	33.7	38.69
Total Revenue	483.15	515.18	440.48	394.6	331.38	440.67
Revenue Growth (YoY)	2.88%	16.96%	11.63%	19.08%	-24.80%	7.92%
Policy Benefits	149.41	174.43	85.97	70.24	38.22	129.99
Policy Acquisition & Underwriting Costs	66.04	86	80.02	23.81	69.32	84.65
Depreciation & Amortization	7.46	7.87	4.53	8.59	8.94	9.38
Selling, General & Administrative	125.37	121.92	117.38	118.01	97.43	111.5
Other Operating Expenses	2.65	2.65	1.92	0.26	0.29	0.32
Total Operating Expenses	353.43	395.37	291.91	222.99	218.21	337.84
Operating Income	129.72	119.81	148.57	171.6	113.17	102.83
Interest Expense	-	-	-	-	-	-0.13
Other Non Operating Income (Expenses)	-1.91	-1.91	-1.67	-1.3	-1.36	-0.21
EBT Excluding Unusual Items	127.8	117.89	146.91	170.31	111.81	102.49
Gain (Loss) on Sale of Assets	-	-	0.03	-	-	-
Pretax Income	127.8	117.89	146.94	170.31	111.81	102.49
Income Tax Expense	37.1	30.32	46.78	71.61	28.58	28.65
Net Income	90.7	87.57	100.16	98.69	83.23	73.83
Net Income to Common	90.7	87.57	100.16	98.69	83.23	73.83
Net Income Growth	-7.84%	-12.57%	1.49%	18.58%	12.73%	12.47%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	0.15%	-	-	-	-	-
EPS (Basic)	2.14	2.07	2.37	2.33	1.97	1.74
EPS (Diluted)	2.14	2.07	2.37	2.33	1.97	1.74
EPS Growth	-7.98%	-12.57%	1.49%	18.58%	12.73%	12.47%
Free Cash Flow	83.35	104.48	106.58	165.48	88.48	85.88
Free Cash Flow Per Share	1.97	2.47	2.52	3.91	2.09	2.03
Dividend Per Share	1.200	1.200	1.500	1.800	1.000	1.000
Dividend Growth	-20.00%	-20.00%	-16.67%	80.00%	0%	0%
Operating Margin	26.85%	23.26%	33.73%	43.49%	34.15%	23.33%
Profit Margin	18.77%	17.00%	22.74%	25.01%	25.12%	16.76%
Free Cash Flow Margin	17.25%	20.28%	24.20%	41.94%	26.70%	19.49%
EBITDA	137.17	127.67	153.1	180.2	122.11	103.2
EBITDA Margin	28.39%	24.78%	34.76%	45.67%	36.85%	23.42%
D&A For EBITDA	7.46	7.87	4.53	8.59	8.94	0.37
EBIT	129.72	119.81	148.57	171.6	113.17	102.83
EBIT Margin	26.85%	23.26%	33.73%	43.49%	34.15%	23.33%
Effective Tax Rate	29.03%	25.72%	31.83%	42.05%	25.56%	27.96%

Source: S&P Capital IQ. Insurance template. Financial Sources.